There were 6266 transactions reported through the TorontoMLS System in February this year for the GTA. There was 14 % drop from last year. Everyone should look on the bright side as this is still a 50% increase over the number of transactions reported in February 2009. The average sales price for last month was $454,423 which was 5% higher than February 2010.
In Brampton there was 976 new properties listed and 562 sold during the month of February 2011. The average selling price in Brampton was $366,660 and the average number of days on the market in Brampton was 23 days.
We are just entering the first week of March now and the number of houses popping up on the market is growing considerably, it is going to be a very active spring market. Which means it will be a great time to sell and buy a home.
If you have any Real Estate questions please contact me, I am always here to help!
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